The Ibex 35 gives up 0.2% due to banking and has been in the red for five days

MADRID, 24 Oct.

The Ibex 35 gives up 0.2% due to banking and has been in the red for five days

MADRID, 24 Oct. (EUROPA PRESS) -

The Ibex 35 has not ended its bearish streak and has already had five negative days after falling 0.22% today, closing at 8,975.8 points, its lowest level since the end of March, given the declines in The bench.

On the political side, this Wednesday it was announced that the PSOE and Sumar have reached a programmatic agreement to form a new progressive coalition government after closing its leaders, Pedro Sánchez and Yolanda Díaz, the details of a pact that includes the reduction of working day without loss of salary, the main obstacle that separated the firm.

In addition, the agreement contemplates maintaining taxes on banks and energy companies and extending maternity and paternity leave up to 20 weeks.

Already in the macro sphere, the main reference has been the preliminary PMI indices for October, which show that private sector activity in the eurozone has further deteriorated. On the other hand, in the United States, activity has accelerated to such an extent that the highest level of this indicator in the last three months has been recorded.

Regarding companies, Enagás has reported that it obtained a net profit of 258.9 million euros in the first nine months of the year, which represents a drop of 26.7% compared to the 353.4 million euros recorded. a year ago due to lower capital gains. Without leaving the energy sector, Naturgy has revised upwards its estimates for this year 2023 and foresees a gross operating result (Ebitda) of more than 5.4 billion euros.

In this context, the biggest falls in the Ibex 35 have been those of Sabadell (-5.24%), CaixaBank (-3.10%), Unicaja Banco (-2.93%), Bankinter (-2.69%), Aena (-2.60%), Endesa (-2.33%), Repsol (-1.83%), BBVA (-1.73%) and Santander (-1.17%).

On the opposite side, Naturgy led the increases (3.09%), Acciona Energía (2.55%), Acciona (2.03%), Cellnex (1.84%), Enagás (1.70%), Amadeus ( 1.38%) and Grifols (1.22%).

The rest of the main European stock markets have, however, recorded positive performance: Paris has appreciated by 0.63%, Frankfurt, by 0.54%, London, by 0.20% and Milan, by 0.05%.

Oil fell below $90, with a barrel of Brent at $88.05, 2.01% less, while West Texas Intermediate fell 2.26%, to $83.56.

In the debt market, the yield on the Spanish bond with a 10-year maturity fell to 3.932%, below the 3.967% recorded at the close of Tuesday. In this way, the risk premium against German debt stood at 108 points.

In the foreign exchange market, the euro depreciated 0.73% against the dollar, registering an exchange rate in the markets of 1.0592 'greenbacks' for each unit of the community currency.

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